Kalpataru Power Transmission Limited (KPTL), a leading global EPC player in the power and infrastructure contracting sector, and its subsidiaries have secured new orders/notification of awards of INR 4,474 Crore at consolidated level. The details are as follows:
- Orders from India and international markets in the power transmission business of INR 1,957 Crores (Including orders of ~ INR 500 Crores received in month of March 2022) (KPTL)
- Oil & Gas pipeline projects in India & Middle East of INR 169 Crores (KPTL)
- Water supply projects in India of INR 2,193 Crores (JMC)
- B&F projects in South India of INR 155 Crores (Received in month of March 2022) (JMC)
Commenting on the new order announcements, Manish Mohnot, Managing Director & CEO, KPTL said “We are extremely pleased to report new order wins in our T&D, Water and Oil & Gas business. These new orders will help us to strengthen our market position in high growth businesses, as we further diversify our clientele and penetrate into newer markets. We are particularly pleased with our Oil & Gas business, as they have secured their first international EPC order for laying gas pipeline in Middle East. Significant value of these new orders have price variation clause, which protects our margins to a large extent given the volatility in commodity prices.
These order wins, along with our well diversified consolidated order book gives us confidence to deliver good performance for the current financial year.”